Deliberations are preliminary and details of the funding round could still change, the people said. A representative for Temasek declined to comment.
STT GDC is constantly exploring all options to optimize its capital structure, including attracting strategic and financial investors, bond offerings, pre-IPO funding rounds or even a potential IPO, its representative said in response to a Bloomberg News query, declining to comment on the details.
The company has been exploring an IPO that could raise more than US$1 billion, with Singapore and the US among possible listing venues, Bloomberg News reported in January.
STT GDC is one of Asia’s largest data center operators, managing more than 170 facilities in Singapore, India, China, Thailand, South Korea, Indonesia, Japan, the Philippines and the UK, its website shows. Temasek fully owns Singapore Technologies Telemedia Pte, the parent of STT GDC.
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Macquarie Asset Management bought a 40% stake in STT GDC’s European unit Virtus Data Centres for an undisclosed amount, according to a press release in January.
